ContourGlobal plans London listing

US power developer ContourGlobal plans to raise $400m through a listing on the main market of the London Stock Exchange. Chief executive Joseph Brandt said the group planned to double its earnings before interest, tax, depreciation and amortisation (ebitda) to more than $1bn within five years, compared to $475m in 2016. “A listing on the London market will support the company in the next phase of growth as we seek to double our adjusted ebitda to more than $1bn within five years.